Shoe Carnival (NASDAQ:SCVL) Updates FY 2025 Earnings Guidance

Shoe Carnival (NASDAQ:SCVL) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 1.900-1.900 for the period, compared to the consensus earnings per share estimate of 1.950. The company issued revenue guidance of $1.1 billion-$1.1 billion, compared to the consensus revenue estimate of $1.1 billion.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Shoe Carnival in a research note on Monday, December 29th. Zacks Research downgraded Shoe Carnival from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Shoe Carnival presently has a consensus rating of “Hold”.

Shoe Carnival Price Performance

SCVL stock traded down $1.71 on Wednesday, hitting $19.30. 147,928 shares of the company were exchanged, compared to its average volume of 387,925. The stock has a market capitalization of $528.49 million, a price-to-earnings ratio of 9.23 and a beta of 1.36. The business’s fifty day moving average is $19.13 and its two-hundred day moving average is $19.61. Shoe Carnival has a twelve month low of $15.21 and a twelve month high of $26.57.

Shoe Carnival Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Monday, January 12th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, January 12th. Shoe Carnival’s payout ratio is currently 28.57%.

Shoe Carnival declared that its board has authorized a stock repurchase plan on Friday, December 12th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 9.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hedge Funds Weigh In On Shoe Carnival

A number of institutional investors and hedge funds have recently bought and sold shares of SCVL. Millennium Management LLC grew its position in shares of Shoe Carnival by 215.9% during the first quarter. Millennium Management LLC now owns 321,764 shares of the company’s stock worth $7,076,000 after buying an additional 219,918 shares in the last quarter. Jane Street Group LLC increased its position in shares of Shoe Carnival by 341.9% in the 4th quarter. Jane Street Group LLC now owns 205,942 shares of the company’s stock worth $3,476,000 after purchasing an additional 159,339 shares during the last quarter. Jump Financial LLC raised its stake in shares of Shoe Carnival by 1,050.1% in the 2nd quarter. Jump Financial LLC now owns 173,670 shares of the company’s stock valued at $3,249,000 after purchasing an additional 158,570 shares in the last quarter. Gabelli Funds LLC bought a new position in Shoe Carnival during the 2nd quarter worth approximately $2,615,000. Finally, BNP Paribas Financial Markets lifted its stake in Shoe Carnival by 179.1% during the third quarter. BNP Paribas Financial Markets now owns 194,045 shares of the company’s stock worth $4,034,000 after purchasing an additional 124,510 shares during the last quarter. Hedge funds and other institutional investors own 66.05% of the company’s stock.

Shoe Carnival Company Profile

Shoe Carnival, Inc (NASDAQ: SCVL) is a U.S.-based specialty retailer offering a broad assortment of footwear, apparel and accessories for the entire family. Through its network of brick-and-mortar stores and e-commerce platform, the company provides casual, athletic and dress shoes for men, women and children, as well as complementary apparel, handbags, socks and other accessories designed to deliver value and variety. Its distinctive in-store carnival host service model aims to create an engaging shopping experience and foster customer loyalty.

Founded in 1978 and headquartered in Evansville, Indiana, Shoe Carnival has expanded over four decades to operate more than 350 retail locations across over 30 states.